FOREIGN TRADE: Peacetime Axis

On Manhattan's Fifth Avenue recently, an odd-looking, snub-nosed little car drew some mildly curious stares. Few of the onlookers realized that it was a postwar model of the Volkswagen, the car which Hitler once promised to put in every German garage. With an air-cooled rear engine, and a luggage compartment under the hood, it was the first of 600 which Germany is shipping to the U.S. to sell at $1,280 to $1,997. The Volkswagen's appearance was the latest example of a new business phenomenon: the growing revival of export trade in both Germany and Japan. Two weeks ago, the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!